SubscribeMomentum Stock Picks – BTI, REXI, MS, GS, SAIA
September 15th, 2006 • Related • Filed Under
09/15/06
It’s a great day for momentum investing. I filtered the results into the best technical setups. They are:
- British Amern (BTI) – $56.90
- Resource America (REXI) – $21.30
- Morgan Stanley (MS) – $70.95
- Goldman Sachs (GS) – $162.71
- Saia (SAIA) – $33.02
Morgan Stanley and Goldman Sachs are very attractive at the current time and will likely lead the financial services industry push in the coming weeks.
Also, I found a long term consolidation period when analyzing Resource America (REXI). Remember that the longer a consolidation period, the more explosive the move when it finally does happen. The indicator is suggesting ”buy” but you should wait for breakout confirmation on higher than average volume above the $22/share level before purchasing stock.
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